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Gross Margin % is calculated as gross profit divided by its revenue. Shineco's Gross Profit for the three months ended in Dec. 2023 was $0.31 Mil. Shineco's Revenue for the three months ended in Dec. 2023 was $2.31 Mil. Therefore, Shineco's Gross Margin % for the quarter that ended in Dec. 2023 was 13.52%.
The historical rank and industry rank for Shineco's Gross Margin % or its related term are showing as below:
During the past 11 years, the highest Gross Margin % of Shineco was 33.68%. The lowest was -140.17%. And the median was 30.66%.
Shineco had a gross margin of 13.52% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Shineco was 0.00% per year.
The historical data trend for Shineco's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shineco Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 28.74 | 27.80 | -140.17 | - | 22.91 |
Shineco Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Margin % | Get a 7-Day Free Trial | - | -12.99 | -35.06 | 6.01 | 13.52 |
For the Farm Products subindustry, Shineco's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Shineco's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shineco's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Shineco's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as
Gross Margin % (A: Jun. 2023 ) | = | Gross Profit (A: Jun. 2023 ) | / | Revenue (A: Jun. 2023 ) |
= | 0.1 | / | 0.55 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (0.55 - 0.424) | / | 0.55 | |
= | 22.91 % |
Shineco's Gross Margin for the quarter that ended in Dec. 2023 is calculated as
Gross Margin % (Q: Dec. 2023 ) | = | Gross Profit (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 0.3 | / | 2.307 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (2.307 - 1.995) | / | 2.307 | |
= | 13.52 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Shineco (NAS:SISI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Shineco had a gross margin of 13.52% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of Shineco's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Aamir Ali Quraishi | director | 112 EVELYN AVENUE, RUISLIP, LONDON X0 HA4 8AQ |
Shanchun Huang | 10 percent owner | PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000 |
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Hu Li | director | ROOM 1001, BUILDING T5, DAZU SQUARE, DAXING DISTRICT, BEIJING F4 100176 |
Jennifer Zhan | director, officer: CEO & Executive Director | ROOM 3106, BUILDING B,, JIANWAI SOHO, CHAOYANG DISTRICT,, BEIJING CITY F4 100022 |
Minye Wang | director | BUILDING 23, HAI YUE HUA YUAN, KUNMING F4 530000 |
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Hua Yang | director | 2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176 |
Yuying Zhang | director, 10 percent owner, officer: Chair of the Board, CEO | 2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176 |
Leiger Yongmin Yang | director | 2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176 |
Jiping Chen | director, 10 percent owner | 2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176 |
Sai Sam Wang | officer: Chief Financial Officer | 2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176 |
Shujuan Ji | director | 2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176 |
Weixing Yin | director | ROOM 3106, BUILDING B, 39 E. 3RD RING, MIDDLE RD, CHAOYANG DISTRICT, BEIJING F4 1000022 |
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